The FINANCIAL -- London-04 August 2011: Fitch ratings has upgraded Zugspitze 2008-1's class A notes and Rhoen 2008-1's class A notes to 'AAAsf' from 'AAsf'.

The FINANCIAL -- Supply of quality retail space is limited, which drives up rents, according to data published by CB Richard Ellis (CBRE).

The FINANCIAL -- Washington -- A proposed rule by federal regulators to impose a minimum 20 percent down payment, stringent debt-to-income ratio requirements and rigid credit standards will deny millions of Americans access to safe, low-cost mortgages, according to the National Association of Realtors.

The FINANCIAL -- Arco Investeeringute AS, 100% a subsidiary of Arco Vara AS, has signed a framework agreement with Haddox Enterprises Ltd for leading the real estate development project in the area of Chornaja Rechka in the western part of the town of Sertolovo in the Vsevalotchny district near Saint Petersburg in the Russian Federation.

The FINANCIAL -- Washington, DC, July 28, 2011 -- Pending home sales increased in June following a wide swing down in April and then up in May, according to the National Association of Realtors.